William Blair Large Cap Growth N (LCGNX) Fund Overview

William Blair Large Cap Growth N (LCGNX) Financial Services Profile

William Blair Large Cap Growth N (LCGNX) is a non-diversified fund specializing in large-cap U.S. growth companies, leveraging a high-conviction strategy within the asset management sector. With a focus on quality growth characteristics, LCGNX aims to deliver long-term capital appreciation for its investors.

What Is the Investment Thesis for LCGNX?

William Blair Large Cap Growth N presents a focused investment strategy targeting high-growth large-cap U.S. companies. With a profit margin of 84.3% and a gross margin of 100.0%, the fund demonstrates efficient management and strong revenue generation. The dividend yield of 10.41% may attract income-seeking investors. However, the fund's non-diversified nature, coupled with a beta of 1.17, indicates higher volatility compared to the broader market. The fund's success hinges on its ability to identify and capitalize on the growth trajectories of its chosen investments within the competitive asset management landscape. Investors may want to evaluate the concentrated nature of the portfolio and its potential impact on overall risk and return.

Based on FMP financials and quantitative analysis

LCGNX Key Highlights

Market Cap of $2.36B reflects the fund's significant presence in the large-cap equity market.

• Profit Margin of 84.3% indicates efficient management and strong profitability.
• Gross Margin of 100.0% demonstrates the fund's ability to retain all revenue after cost of goods sold.
• Dividend Yield of 10.41% offers a substantial income component for investors.
• Beta of 1.17 suggests higher volatility compared to the overall market, reflecting the fund's concentrated investment approach.

Who Are LCGNX's Competitors?

LCGNX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are LCGNX's Key Strengths?

High profit margin (84.3%) indicates efficient operations.

• Strong gross margin (100.0%) suggests effective cost management.
• Established presence in the large-cap growth market.
• Experienced investment team.

What Are LCGNX's Weaknesses?

Non-diversified portfolio increases risk exposure.

• High beta (1.17) indicates greater volatility than the market.
• Reliance on specific investment strategies may limit flexibility.
• Vulnerable to market downturns due to concentrated holdings.

What Are the Key Risks for LCGNX?

Rich valuation — a P/E of 42.03 runs well above the Financial Services sector’s ~17.20x, leaving little room for a miss.

• Non-diversified portfolio increases risk exposure to individual company performance.
• High beta indicates greater volatility compared to the overall market.
• Economic downturns could negatively impact the performance of portfolio companies.
• Increased competition from other asset management firms could erode market share.
• Changes in market conditions and investor sentiment could affect fund performance.

What Are LCGNX's Competitive Advantages?

• Established track record in managing large-cap growth portfolios.
• Experienced investment team with expertise in identifying growth opportunities.
• Strong research capabilities to support investment decisions.
• Reputation for delivering competitive investment performance.

What Does LCGNX Do?

William Blair Large Cap Growth N operates within the asset management industry, focusing on delivering long-term capital appreciation through investments in large-cap U.S. growth companies. The fund invests at least 80% of its net assets in the stocks of large-cap companies, primarily in equity securities such as common stocks and convertible securities. The fund seeks companies expected to exhibit quality growth characteristics. As a non-diversified fund, William Blair Large Cap Growth N concentrates its investments, potentially leading to higher volatility but also greater potential returns. The fund's investment strategy targets companies with strong growth potential within the U.S. market, aiming to capitalize on their expansion and innovation. The fund's approach is designed for investors seeking growth-oriented investments within the large-cap segment of the U.S. equity market. William Blair Investment Management, LLC serves as the investment advisor for the fund.

What Products and Services Does LCGNX Offer?

• Invests primarily in equity securities of large-cap U.S. growth companies.
• Focuses on companies expected to exhibit quality growth characteristics.
• Manages a non-diversified portfolio, concentrating investments in a smaller number of companies.
• Aims to achieve long-term capital appreciation for its investors.
• Conducts in-depth research and analysis to identify promising investment opportunities.
• Monitors portfolio performance and makes adjustments as needed to optimize returns.

How Does LCGNX Make Money?

• Generates revenue through management fees charged as a percentage of assets under management (AUM).
• May earn performance-based fees based on the fund's investment returns.
• Utilizes a team of investment professionals to manage the portfolio and make investment decisions.

What Industry Does LCGNX Operate In?

William Blair Large Cap Growth N operates within the asset management industry, which is characterized by intense competition and evolving market dynamics. The industry is influenced by factors such as interest rates, economic growth, and investor sentiment. As of 2026, the asset management industry continues to experience growth, driven by increasing demand for investment products and services. The fund competes with other asset managers, including BBHLX, BFGFX, BFGIX, LCGFX, and OAKEX, all vying for investor capital. The fund's focus on large-cap growth companies positions it within a specific segment of the market, catering to investors seeking growth-oriented investments.

Who Are LCGNX's Key Customers?

• Individual investors seeking long-term capital appreciation.
• Institutional investors, including pension funds, endowments, and foundations.
• Financial advisors who recommend the fund to their clients.

Return on equity for William Blair Large Cap Growth N stands at 2.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.3%, showing how much profit it generates from its asset base. A current ratio of 9.27 indicates the company holds enough short-term assets to cover its near-term obligations.

William Blair Large Cap Growth N's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile.

LCGNX Financials

LCGNX Latest News

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LCGNX Analyst Consensus

LCGNX MoonshotScore

Common Questions About LCGNX (Financials)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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